植耀辉: 减息符预期美股再升 港股走势仍未明朗
耀才证券研究部总监植耀辉称,美国联储局一如预期减息四分之一厘,主席鲍威尔在议息会後之记者会上表示,现时货币政策立场「似乎维持恰当」(likely to remain appropriate),暗示未来或不会进一步减息。消息对美股未有带来太大影响之余,美股亦继续受投资者憧憬企业业绩表现理想,以及经济数据胜预期而造好,最终道指上升115点或0.43%,收报27,186点,标普500指数再创收市新高,收报3,046点,上升9点或0.33%,纳指则收报8,303点,上升27点或0.33%。
港股昨日走势偏软,主要受有市场消息指中美贸易初步协议未必能於下月中签署。市场气氛又再次变得审慎。当然,投资者继续关注企业业绩表现,不过以现时所公布之季绩表现而言,大部分均未见惊喜,加上投资市场仍存在相当多变数,在此情况下,大市亦欠缺进一步上升之催化剂,因此暂只会继续维持窄幅上落,於26,500至27,000点水平上落。
至於业绩方面,渣打(02888.HK)昨日交出一份不俗成绩表,第三季除税前基本溢利增加16%至12亿美元,净息差亦维持在1.58%水平。此外,在经营收入方面,包括香港在内之大中华及北亚地区仍能录得2%增长,欧洲及美洲地区增幅更达到19%。故在业绩公布後,股价仍能逆市造好。的确,与早前汇控(00005.HK)相比,渣打表现确是理想,但在环球政经局势皆存在变数下,银行业经营状况仍艰难,故笔者预期渣打股价短期或仍造好,但长远仍然较有保留,建议股价若能重上73元之上先行减磅。
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